WASHINGTON (Reuters) – In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so. FILE PHOTO: Treasury Secretary Steve Mnuchin
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FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo (Reuters) – As the United States is combating a shortage of ventilators and respirators amid the coronavirus outbreak, Tesla Chief
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – German carmaker Volkswagen AG (VOWG_p.DE) said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.
WASHINGTON/HOUSTON (Reuters) – The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep that regulators in Texas considered curbing production there for the first time
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Truckmaker AB Volvo (VOLVb.ST) said on Friday it would put all its 20,000 staff in Sweden on short-term temporary lay off-scheme starting next week as it plans to
SYDNEY/WASHINGTON (Reuters) – Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus. FILE PHOTO: A woman wearing a face mask stands in front of arrival and departure electronic boards after the Brazilian airline
FILE PHOTO: Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter/File Photo (Reuters) – Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak.
FILE PHOTO: The Rolls Royce logo is seen on a car at a Rolls Royce shop at Siam Paragon mall in Bangkok, Thailand June 4, 2017. REUTERS/Jorge Silva LONDON (Reuters) – Rolls-Royce motor cars said it would suspend production at its British plant for two weeks to ensure the health of its employees. “Rolls-Royce Motor
FILE PHOTO: Fujifilm’s company logo (top) is seen at its exhibition hall nearby the headquarters of Fujifilm Holdings Corp in Tokyo, Japan June 12, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Shares in Japanese company Fujifilm Holdings Corp (4901.T) were untraded due to a glut of buy orders after Kyodo news agency reported on Wednesday that
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported
SYDNEY (Reuters) – Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as they grapple with a cash crunch and plunging demand caused by the coronavirus outbreak. FILE PHOTO: An Air New Zealand aircraft passes a fuel truck on
BERLIN (Reuters) – A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after shoppers stockpiled many essential goods, known as “hamstering” in German. FILE PHOTO: Empty pasta shelves are pictured in Berlin, Germany March 14, 2020. REUTERS/Joachim Herrmann/File Photo People
SYDNEY/LONDON (Reuters) – Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are moving into new houses built on or near the same plots. FILE PHOTO: Soldiers sit on a beach amongst burnt trees where people had previously taken shelter during a fire on New
FILE PHOTO: Nike shoes are seen on display at the Nordstrom flagship store during a media preview in New York, U.S., October 21, 2019. REUTERS/Shannon Stapleton (Reuters) – Nike Inc (NKE.N) is closing all of its stores in the United States and several other countries in a move to curb the spread of coronavirus, CNBC
WASHINGTON/CHICAGO (Reuters) – Delta Air Lines plans to scale back more flights after the United States expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines was moving toward its first flight cuts as the spreading coronavirus saps demand. FILE PHOTO: A Delta Air Lines Boeing 737-800 plane sits at the gate at
(Reuters) – Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week. In a volatile session, all three main indexes jumped more than 6% in